|Market Close||Market Close|
|Gas prices found some support from an undersupplied system yesterday, with most contracts on the near curve displaying a gain. Coal and power markets also moved higher, while carbon was mostly stable.||Power prices increased during Tuesday’s session, helped by a rise in coal and gas. However, strong wind generation helped to weigh on the prompt, with similar levels expected today.|
|Market Open||Market Open|
|The UK gas system has moved closer to balance this morning despite weaker supply and a drop in LNG send-outs. Carbon and power markets have eased as wind generation is strong and milder weather is expected over the next few days; this has resulted in small losses across the gas curve.||Power prices have turned bearish this morning, dictated by weaker coal, gas and carbon. Wind production is high, as expected and milder weather is forecast as we head towards the weekend.|
For a breakdown of the current generation mix visit our Power Generation Insights page.
Brent 1st-nearby prices display minor gains this morning as market fundamentals are largely unchanged with all eyes on the situation in China.
1-year forward prices
Market close data has revealed that the 1-year forward price for commercial gas moved lower, while commercial electricity increased – closing at 32.13ppt and £40.53/MWh, respectively.
Today’s prices can also be found in an easy to read table on our ‘current UK energy price' page.
Click graph to enlarge
If you would like to learn more about how Apollo Energy can help your business find the best deal on its gas and energy contracts then feel free to get in touch by calling us on 01257 239500 or using the form on our contact form.